Evraz ZSMK continues its program of capacity improvement. In 2016 it spent around 3 billion rubles on capital repairs and development. Its main project this year was the reconstruction of the continuous casting machine. The company also carried out overhauls at its two blast furnaces. In 2017-2018 Evraz ZSMK plans to invest 5 billion rubles…Details
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Metal companies, including Zaporizhstal, are the main donors of the state budget in the Zaporozhye region. According to the Specialized State tax inspection for major taxpayers in Zaporozhye director Roman Afonov, metal companies provide for some 20% of all tax income in the region. “From the beginning of the year major tax payers paid around…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* min max September 561 638 October 569 638 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details
Russian geological exploration company Rosgeo, also known as Rusgeology, has offered to explore the Sukhoi Log gold deposit further to increase its reserves of inferred resources before selling. Anton Sergeyev, aide to Rosgeo’s CEO, reported that the company did not send any proposals on the Sukhoi Log to the government. Representatives of the Natural Resources…Details
Russia: Norilsk Nickel to finance training programs for personnel and volunteers of 2019 Winter Universiade
Norilsk Nickel and the Directorate of the 2019 Winter Universiade signed an agreement to finance training for personnel and volunteers of the upcoming event organized for university athletes. Support for high-level sports, along with student and youth sports in Russia, is an important element of the social policy of Norilsk Nickel. Under the agreement, jointly…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 355 741 424 424 October 403 781 416 422 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…Details
NLMK Group, an international steel producer with assets in Russia, Europe and the USA, has successfully launched pelletizing plant at Stoilensky, the key investment project of its ‘Strategy 2017’. The pelletizing plant opening ceremony was attended by the Russian Prime Minister Dmitry Medvedev, the governor of Belgorod region Evgeniy Savchenko, the governor of Lipetsk region…Details
After the scrap export duty increased from 10 euro per ton to 30, the deliveries of scrap to Zaporizhstal improved. “When we asked to adopt this decree, our stocks totaled 2-3 thousand tons. Now we enter winter with 60 thousand tons of scrap. Thus we will be rather comfortable during the season of scrap shortage”,…Details
In September Metinvest decreased its corrected EBITDA by 3.75% MoM, to $128 million. Thus, Metinvest has been showing positive EBITDA for 8 consecutive months. From November 2015 till January 2016 its EBITDA was negative. The group revenue in September totaled $565 million, up from $555 in August. The corrected EBITDA of the metal division for…Details
Evraz is selling its stevedoring company in the port of Nakhodka – Evraz NMTP. The company has been looking for buyers of its terminals for a couple of years now. The port is a non-profile asset for Evraz, and its sale could decrease the company debt burden (net debt as of late June – $5.3…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* min max September 599 800 October 599 800 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details
The Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…Details